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jehst (OP)
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August 22, 2015, 02:11:45 AM
Last edit: August 22, 2015, 02:33:29 AM by jehst |
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then i believe we will get true capitulation
it's easy to be a bitcoin cheerleader when you have 10,000 BTC and they are worth $600 or $300 each and you have a ferrari with a bitcoin license plate.
when those guys start giving up and selling their cars because real estate taxes and auto maintenance is too expensive, and bitcoin startups go out of business, then it might be a good time to buy BTC. we have to see real pain. we all feel like we've felt the pain, but it may be just beginning.
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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Cconvert2G36
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August 22, 2015, 02:42:20 AM |
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then i believe we will get true capitulation
it's easy to be a bitcoin cheerleader when you have 10,000 BTC and they are worth $600 or $300 each and you have a ferrari with a bitcoin license plate.
when those guys start giving up and selling their cars because real estate taxes and auto maintenance is too expensive, and bitcoin startups go out of business, then it might be a good time to buy BTC. we have to see real pain. we all feel like we've felt the pain, but it may be just beginning.
21 million. I want them all.
So... maybe a few less then. |
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jehst (OP)
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August 22, 2015, 03:37:29 AM |
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then i believe we will get true capitulation
it's easy to be a bitcoin cheerleader when you have 10,000 BTC and they are worth $600 or $300 each and you have a ferrari with a bitcoin license plate.
when those guys start giving up and selling their cars because real estate taxes and auto maintenance is too expensive, and bitcoin startups go out of business, then it might be a good time to buy BTC. we have to see real pain. we all feel like we've felt the pain, but it may be just beginning.
21 million. I want them all.
So... maybe a few less then. What? |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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Cconvert2G36
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August 22, 2015, 03:41:54 AM |
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then i believe we will get true capitulation
it's easy to be a bitcoin cheerleader when you have 10,000 BTC and they are worth $600 or $300 each and you have a ferrari with a bitcoin license plate.
when those guys start giving up and selling their cars because real estate taxes and auto maintenance is too expensive, and bitcoin startups go out of business, then it might be a good time to buy BTC. we have to see real pain. we all feel like we've felt the pain, but it may be just beginning.
21 million. I want them all.
So... maybe a few less then. What? Err... 21 million. I want them all.
I want them later, then. |
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jehst (OP)
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August 22, 2015, 04:09:06 AM |
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I want them. Period. What the market does is a separate issue.
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Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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Cconvert2G36
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August 22, 2015, 04:20:49 AM |
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I want them. Period. What the market does is a separate issue.
What the market does seems to impact how many you get, see? Same issue. |
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jehst (OP)
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August 22, 2015, 04:41:16 AM |
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I want them. Period. What the market does is a separate issue.
What the market does seems to impact how many you get, see? Same issue. Does it? |
Year 2021
Bitcoin Supply: ~90% mined
Supply Inflation: <1.8%
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Cconvert2G36
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August 22, 2015, 04:49:48 AM
Last edit: August 22, 2015, 05:08:08 AM by Cconvert2G36 |
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I want them. Period. What the market does is a separate issue.
What the market does seems to impact how many you get, see? Same issue. Does it? Well, I want to own all Porsche 917's in existence, but I'll patiently wait for their prices to come to me.  |
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gentlemand
Legendary
 Offline
Activity: 2590
Merit: 3013
Welt Am Draht
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August 22, 2015, 01:00:46 PM |
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There's a good chance that someone who owns 10,000 coins either mined them or paid $100 for the lot. It would be sucky but that's still not a bad return. They would also have to be a bit daffy not to have pulled some money out when prices were higher.
If serious money was paid for that amount then that implies they're pros so should know better.
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brg444
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August 22, 2015, 06:09:58 PM |
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There's a good chance that someone who owns 10,000 coins either mined them or paid $100 for the lot. It would be sucky but that's still not a bad return. They would also have to be a bit daffy not to have pulled some money out when prices were higher.
If serious money was paid for that amount then that implies they're pros so should know better.
Exactly. Most people who own 10,000+ are certainly not bothered by the movements of Bitcoin's price. That is because either they didn't pay much for them or the amount they paid constitutes an infinitely small percentage of their total net worth ie. they're rich even with or without BTC. |
"I believe this will be the ultimate fate of Bitcoin, to be the "high-powered money" that serves as a reserve currency for banks that issue their own digital cash." Hal Finney, Dec. 2010
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futureofbitcoin
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August 22, 2015, 06:36:32 PM |
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Playing with the "house's money" is a bad mindset to be in.
It doesnt' matter what you paid for it, it's worth ~2.3 million now, that's how much you should think of it as.
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tiggytomb
Legendary
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Activity: 1848
Merit: 1000
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August 22, 2015, 06:39:21 PM |
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10,000 Bitcoin, now that would be something to be smiling about. The only thing you would need to worry about at that point is how to spend it all.
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zeroday
Donator
Hero Member
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Activity: 784
Merit: 1000
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August 22, 2015, 07:37:59 PM |
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Huh, what is 10,000 bitcoins ? Just one pizza  |
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aztecminer
Legendary
Offline
Activity: 1092
Merit: 1000
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August 22, 2015, 08:56:26 PM |
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then i believe we will get true capitulation
it's easy to be a bitcoin cheerleader when you have 10,000 BTC and they are worth $600 or $300 each and you have a ferrari with a bitcoin license plate.
when those guys start giving up and selling their cars because real estate taxes and auto maintenance is too expensive, and bitcoin startups go out of business, then it might be a good time to buy BTC. we have to see real pain. we all feel like we've felt the pain, but it may be just beginning.
we have seen no blood at all during the blockchain drama.. 220 - 230 ?? that is nothing.. |
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BlackSpidy
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August 23, 2015, 01:35:17 AM |
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Huh, what is 10,000 bitcoins ? Just one pizza I look forward to the day when everything sold on online places that accept bitcoin will be priced at microbitcoin and nanobitcoin. "I remember people used to buy a pizza for BTC0.2! Man, those were the days. I sure am glad I got in while they were cheap, soon after, at $400!" They'll say. I think we might see some days below $200, some freak occurrences below $140, but never again double digits. The pre-halving bump and the post-halving jump will be in the news soon. |
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